http://news.shiftdailynews.com/HM?b=z4xHZQvAqcFvmwjcbHt48p-RRViPpYZXo8U7MTWlu5QEP0z7XiKI6gNMhfYtGF9O&c=EUnN3DymolNOdwQedPwfhQ
The bigger they are the harder they fall...Just like the dinosaurs, giant retailers like Walmart, Nordstrom, Macy's, Staples, Whole Foods and many others may soon face extinction!
The following are 13 major retailers that are closing down stores...
#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more "unprofitable stores" by the end of this year.
#2 Sports Authority will file for bankruptcy in March. News reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.
#3 For decades, Kohl's has been growing aggressively, but now it plans to shutter 18 stores in 2016.
#4 Target has just finished closing 13 stores in the United States.
#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.
#6 Office Depot plans to close a total of 400 stores by the end of 2016
#7 Wal-Mart is closing 269 stores, including 154 inside the United States.
>>65989920
#8 K-Mart is closing down more than two dozen stores over the next several months.
#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
#10 Macy's has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
#11 The Gap is in the process of closing 175 stores in North America.
#12 Aeropostale is in the process of closing 84 stores all across America.
#13 Finish Line has announced that150 stores will be shutting down over the next few years.
These store closings can be particularly cruel for small towns. Just consider the impact that Wal-Mart has had on the little town of Oriental, North Carolina...
The Town'n Country grocery in Oriental, North Carolina, a local fixture for 44 years, closed its doors in October after a Wal-Mart store opened for business. Now, three months later -- and less than two years after Wal-Mart arrived -- the retail giant is pulling up stakes, leaving the community with no grocery store and no pharmacy.
Though mom-and-pop stores have steadily disappeared across the American landscape over the past three decades as the mega chain methodically expanded, there was at least always a Wal-Mart left behind to replace them. Now the Wal-Marts are disappearing, too.
On Thursday we got the latest evidence that the global economic wheels are falling off. According to new data from the Netherlands Bureau of Economic Policy Analysis's World Trade Monitor, global trade (defined as the value of goods that crossed international borders) plunged nearly 14% in 2015.
>>65989942
That's the first contraction since 2009.
The figures also come amid growing concerns that 2016 is already shaping up to be more fraught with dangers for the global economy than previously expected.
The global economy is in very deep trouble and it's just a matter of time before the worldwide deflationary supply glut gets "liquidated" - literally...
Essentially it all comes down to this:
In order to have a thriving middle class, we need good paying middle class jobs. Unfortunately, our economy has been bleeding those kinds of jobs quite rapidly. For example, Halliburton just announced that it is eliminating 5,000 more jobs after getting rid of 4,000 workers at the end of last year.
During the Obama years, good paying middle class jobs have been getting replaced by low paying service jobs. At this point, 51 percent of all American workers make less than $30,000 a year.
And there is no way that you can support a middle class family with children on $30,000 a year.
>>65989965
We have an economy that is in the process of failing. We can see it in the explosion of subprime auto loans that are going bad, we can see it in the hundreds of retail stores that are shutting down, and we can see it in the tens of thousands of good paying energy jobs that are being lost.
Now an economic downturn that will ultimately turn out to be even worse than the "Great Recession" of 2008 and 2009 has begun, and our leaders have absolutely no idea how to fix things.
I wish I had better news...
Get prepared now, because very rough times are ahead,
Charles Hayek
Retired Economics Professor
Amazon is crashing brick and mortar
WITH NO SURVIVORS
>>65989920
>the land of prosperity
>>65990566
poo goes in the loo
>tfw I only buy stuff off Amazon
>>65990657
the jews told you that, that's a lie
>>65990067
There is no reason to go into any of these places. Nothing but problems and sadness in there.
I do my grocery shopping at 3 am and that is barely tolerable.
>>65990925
POO
>>65990746
You are supporting the rapefugees
http://www.breitbart.com/london/2016/01/01/amazon-spikes-chart-topping-anti-immigrant-pegida-song-donating-profits-pro-migrant-charity/
And gay marriage
http://money.cnn.com/2012/07/27/technology/bezos-same-sex-marraige/index.htm
>>65989920
Everything is just cheaper online.
The only thing worth buying in person is groceries and other perishable goods.
>>65991462
>not supporting gay marriage
I jinxed this thread, didn't I?
>Tens of thousands of people lose their shitty retail jobs
>Decrease in transportation jobs
>The coming Robotic Revolution will wipe out even more/most minimum wage jobs.
>the great unwash masses become obsolete
We will live through interesting times.
>>65990566
Sad really.
I know we all like to make fun of Wal-Mart, but where are poor people supposed to shop if it goes belly-up?
Not to mention, motor oil is cheap as fuck at Wal-Mart.
>>65989920
Culling when?
>>65992289
>tempered reason
>>65991965
more like stinked it up HA
POO
>>65993440
This is the part that civilization hasnt fixed in all recorded history.
Powerful men with ambition always find a way to put a man against another for power or profit.
Thing is, how are they going to get rid of the poor people in every country without destroying everything else?
>>65991888
>not supporting designated shitting streets, fields & beaches
>>65989920
These big stores get huge tax write offs to open up in poor and monitory neighborhoods. And even more write offs when they hire said people. So they build up in these areas. It then becomes increasingly harder to keep them open when those people don't buy anything.
>>65989920
Wally world has 13K stores.... Them dropping 269 of those "walmart express" locations isn't even going to make a fucking dent.
>>65992289
Already started in the Middle East, soon it'll reach all of Europe.
>>65989920
Good less stores means less human employees
I for one welcome our new online overlords
>>65991828
LOO
>>65991828
LOO.
>>65989920
Is there a list or something to find which stores are being shut down per company?
>>65992289
>Unite humanity with a living nw language
What is tower of babylon
>>65990925
>>65995103
>>65995119
loo hivemind.
>>65995246
Incorrect.
What you were looking for was
>The Tower of Babel
Every time I go to these stores they're all full of overpriced shit-quality goods.
The internet has rightfully killed them off.
>>65989942
K-Mart has been dying since the 90's and it's their management's fault.
>>65989983
FINALLY
THE INTERNATIONALISTS WILL BE DRAGGED OUT OF THEIR HOMES AND HANGED
I ALWAYS SAID NATIONAL SOCIALISM WILL ONLY ARRIVE IN THE UNITED STATES WHEN THE POOR FEAR STARVING
IT'S HAPPENING
>>65991888
Homosexuals are a myth. I think I only met one in my lifetime, but then again, he got a girlfriend later on.
>>65989920
>former walmart employee
>worked in electronics
i wouldnt mind seeing that Cesspool burn
if all these stores are failing surely there are new ones popping up that are taking the demand of all the customers they're leaving behind? I'm sure there's another side to this fear mongering that we aren't considering
>>65995648
Thank you. I'm sleep deprived.
Have a rare merchant
>>65995246
georgia guide stones
the small town bank i work for bought two old Wells Fargo locations last November
>>65996388
If the walmart managers and employes that get fired from the downsize get together, they could at least serve the local population and sticking it to the waltons.
However, given the toxic kind of capitalism that those guys love to play, they'd prevent the suppliers to sell goods to ex-employees.
>>65996388
They bankrupted small business owners and are now moving out to save profits because of a downturn in spending. They are leaving behind a void that can't be filled because most small business owners won't take the risk of losing their capital like those before them, and they are probably more interested in safer investments like an index fund on the stock market
>>65991221
What the fuck grocery store is open at 3 am?
kebab
>>65996610
The return of small business?
Are we returning to a golden era?
>>65991888
Very unsanitary Satish
>>65998172
Not as long as the massive welfare state exists.
>>65991888
This is why you are a dalit
>>65991462
But also the only major book store that does not back down to the Jewish lobby and still sells holocaust denial and 9/11 truth books.
I´d say all in all Amazon at it´s present form is a positive thing.
>>65998609
>>65998500
enjoy your 5 year H1B
:^)
>>65996206
this. I've never witnessed a great homosexual man, a homo with any achievments except taking it in the ass.
>>65994852
>
